Posted by: latoboy August 5, 2008
US Economy: A Downward Spiral?
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samsara it feels strange talking to u without getting angry.

anyway i was very bearish on long term US economy. my outlook has changed recently. lets see how the elections goes and what new or any policy changes come into effect with new prez. already its almost guarenteed short term capital gain taxes will go up.

if the dollar doesnt rebound in 1 or 2 years.. i think US economy is doomed then..

maybe i have been reading too many gloom n doom books..  many such people have been predicting disasters even before the tech run up in 1990's began... in the end everything was fine..

as for OPEC they will keep pumping the oil to keep Customers happy. they still have some power to increase supply... no one knows what their real oil reserve capacity is.. but my guess is its probably enough for next 20 -40 years to keep prices relatively stable..

lets see what happens... i will be looking to nibble on some Gold, Oil, Nat Gas over next few months. i think this is just a correction for a long term commodity bull market.
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